Deutsche Telekom Profit Falls on U.S. Investment Costs

FRANKFURT—Deutsche Telekom AG said Thursday that its first-quarter results were weighed down by higher costs tied to investment in the U.S., although profit tripled in the period due to an extraordinary gain.

The German telecom company's net profit rose to €1.8 billion ($2.5 billion) in the quarter, largely due to income of €1.7 billion from the sale of its stake in online advertising unit Scout24 late last year. Adjusted for the...